GITNUX MARKETDATA REPORT 2024

Electrical Wholesale Industry Statistics

The Electrical Wholesale Industry experiences steady growth in sales revenue driven by increasing demand for electrical products and services.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

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In this post, we will explore key statistics and trends in the electrical wholesale industry. From the projected global market value to regional growth rates and top company revenues, these data points provide valuable insights into the current landscape and future outlook of this dynamic sector.

Statistic 1

"The global electrical wholesale industry is projected to reach a value of $344.5 billion USD by 2025."

Statistic 2

"The electrical wholesale market in the United States reached $129 billion USD in 2019."

Statistic 3

"In the UK, the electrical wholesale market experienced a growth of 4% in 2019."

Statistic 4

"There is a prediction of a 19% increase in digital sales in electrical wholesale by 2025."

Statistic 5

"Over 20% of projected industry value ($68.9 billion) by 2025 will be from the Asia Pacific region."

Statistic 6

"The revenue of the U.S. electrical goods wholesaling industry is forecasted to reach about $219 billion U.S. dollars in 2022."

Statistic 7

"There are more than 8,000 electrical goods wholesaling establishments in the U.S."

Statistic 8

"The Asia-Pacific region accounts for the major share of the global Electrical Wholesale market and is also projected to witness a higher growth rate during the forecast period 2021-2026."

Statistic 9

"The top company in the global electrical wholesale industry, WESCO International, had revenue of $7.3 billion in 2020."

Statistic 10

"The North American electrical wholesale distribution industry accounts for $72 billion of the sector value."

Statistic 11

"The market share of the top 50 electrical distributors in North America reached 70% in 2019."

Statistic 12

"In 2019, the Latin American electrical equipment market reached $24.7 billion USD in value."

Statistic 13

"The Latin American Electrical Wholesale Market was valued at $25 billion in 2019."

Statistic 14

"The Chinese electrical wholesale market experienced a 6.8% growth rate in 2021."

Statistic 15

"The global electrical equipment industry, including wholesaling, is expected to achieve a compound annual growth rate (CAGR) of 8% from 2021 to 2026."

The statistics present a promising outlook for the global electrical wholesale industry, with significant growth projections and market trends across various regions. Key highlights include the industry’s substantial value projections by 2025, especially in the Asia Pacific region, along with the anticipated surge in digital sales. The U.S. and UK markets show robust performance, with notable revenue figures and growth rates. The presence of top players such as WESCO International underscores the industry’s competitive landscape. With growing market shares in regions like North America and Latin America, coupled with projected CAGR growth, the industry is poised for continued expansion and evolution in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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